EverCommerce Inc.
EVCM Technology Software Application
In the quarter to June 2026, revenue grew 2.70%, EPS grew 25.0%, free cash flow grew 3.41% and total debt was flat, each against the same quarter a year earlier.
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EverCommerce Inc. (EVCM) Altman Z-score
EverCommerce Inc.'s Altman Z-score for fiscal 2025 is 2.03, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.03 | 0.31 |
| FY2024 | 1.72 | 0.09 |
| FY2023 | 1.63 | 0.48 |
| FY2022 | 1.15 | (0.35) |
| FY2021 | 1.50 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.08 | — | 0.10 | |
| Retained earnings / total assets | (0.47) | — | −0.66 | |
| EBIT / total assets | 0.04 | — | 0.14 | |
| Market value of equity / total liabilities | 3.35 | — | 2.01 | |
| Sales / total assets | 0.43 | — | 0.43 | |
| Altman Z-score | Grey zone | 2.03 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.45 | ||
Z and Z″ put EverCommerce Inc. in different zones: grey zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| KARO Karooooo Ltd. compare | 8.5× |
| PDFS PDF Solutions, Inc. compare | 5.1× |
| AMPL Amplitude, Inc. compare | 3.7× |
| LSPD Lightspeed Commerce Inc. compare | 2.7× |
| ALKT Alkami Technology, Inc. compare | 2.6× |
| BL BlackLine compare | 2.1× |
| EVCM EverCommerce Inc. | 2.0× |
| CXM Sprinklr, Inc. compare | 1.8× |
| WLTH Wealthfront Corporation compare | 0.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets